HP0603, LD 807, item 2, ‘An Act To Limit the Bonding Authority of the Maine Governmental Facilities Authority to Court Facility Projects’

Amend the bill by striking out the title and substituting the following:

‘An Act To Limit the Bonding Authority of the Maine Governmental Facilities Authority to Court Facility Projects’

Amend the bill by striking out everything after the enacting clause and before the summary and inserting the following:

‘Sec. 1. 4 MRSA §1604, sub-§10, as enacted by PL 1987, c. 438, §1, is amended to read:

10. Provide for financing or refinancing. To provide financing for any project, projects or part of any project or to provide for refinancing of existing indebtedness, and, for the financing of the project, projects or part of any project and of other necessary and usual attendant facilities, to borrow money and to issue negotiable securities and to provide for the rights of the holders of those securities issued by the authority prior to January 1, 2013. Beginning January 1, 2013, the authority may issue a bond or negotiable security only for the acquisition, construction, improvement, reconstruction or equipping of, or construction of an addition or additions to, any structure designed for use as a court facility;’

Summary

This amendment restores the authority of the Maine Governmental Facilities Authority to issue bonds or negotiable securities, which the bill removes, with the limitation that, beginning January 1, 2013, the Maine Governmental Facilities Authority may issue bonds or negotiable securities solely to fund court facility projects.

HP0603 LD 807	Second Regular Session - 125th Maine Legislature C "A", Filing Number H-958, Sponsored by		LR 675 Item 2
	Bill Tracking, Additional Documents	Chamber Status

Bill Tracking		Chamber Status
Amendments	Testimony, Public Hearings & Work Sessions		Committee Information
Other Documents			Title & Section

Search Bill Text		Search Bill Status
Bill Directory	Session Information		Legislative Information
Download MS-Word, Printed PDF		Maine Legislature

Office of Legislative Information 100 State House Station Augusta, ME 04333		voice: (207) 287-1692 fax: (207) 287-1580 tty: (207) 287-6826
Word Viewer for Windows		Disclaimer